SYBG.DE vs. SPY5.DE
SYBG.DE (SPDR Bloomberg UK Gilt UCITS ETF) and SPY5.DE (SPDR S&P 500 UCITS ETF) are both exchange-traded funds - SYBG.DE is a European Government Bonds fund tracking the Bloomberg UK Gilt, while SPY5.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, SYBG.DE returned -2.10%/yr vs 15.13%/yr for SPY5.DE. At a 0.11 correlation, their price movements are largely independent. SYBG.DE charges 0.15%/yr vs 0.03%/yr for SPY5.DE.
Performance
SYBG.DE vs. SPY5.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SYBG.DE achieves a -0.52% return, which is significantly lower than SPY5.DE's 11.39% return. Over the past 10 years, SYBG.DE has underperformed SPY5.DE with an annualized return of -2.10%, while SPY5.DE has yielded a comparatively higher 15.13% annualized return.
SYBG.DE
- 1D
- 0.06%
- 1M
- 0.46%
- YTD
- -0.52%
- 6M
- -0.19%
- 1Y
- -0.66%
- 3Y*
- 1.99%
- 5Y*
- -5.01%
- 10Y*
- -2.10%
SPY5.DE
- 1D
- -0.13%
- 1M
- 4.37%
- YTD
- 11.39%
- 6M
- 10.88%
- 1Y
- 25.57%
- 3Y*
- 18.89%
- 5Y*
- 14.76%
- 10Y*
- 15.13%
SYBG.DE vs. SPY5.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SYBG.DE SPDR Bloomberg UK Gilt UCITS ETF | -0.52% | 0.15% | 0.09% | 5.36% | -28.98% | 2.15% | 1.98% | 13.19% | -1.03% | -1.99% |
SPY5.DE SPDR S&P 500 UCITS ETF | 11.39% | 4.75% | 32.36% | 22.42% | -14.24% | 40.60% | 6.73% | 34.93% | 0.25% | 6.69% |
Correlation
The correlation between SYBG.DE and SPY5.DE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since May 21, 2012 | 0.11 |
Over the past year, SYBG.DE and SPY5.DE have become more correlated (0.33) than their long-term average of 0.11, meaning their price movements have been converging.
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Return for Risk
SYBG.DE vs. SPY5.DE — Risk / Return Rank
SYBG.DE
SPY5.DE
SYBG.DE vs. SPY5.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg UK Gilt UCITS ETF (SYBG.DE) and SPDR S&P 500 UCITS ETF (SPY5.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| SYBG.DE | SPY5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.30 | ||
| Sortino ratioReturn per unit of downside risk | -3.07 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.41 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 3.57 | -3.69 |
| Martin ratioReturn relative to average drawdown | -0.29 | 12.77 | -13.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SYBG.DE | SPY5.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.08 | 2.22 | -2.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.42 | 0.96 | -1.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.19 | 0.93 | -1.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.02 | 0.97 | -0.99 |
Drawdowns
SYBG.DE vs. SPY5.DE - Drawdown Comparison
The maximum SYBG.DE drawdown since its inception was -36.77%, which is greater than SPY5.DE's maximum drawdown of -33.86%. Use the drawdown chart below to compare losses from any high point for SYBG.DE and SPY5.DE.
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Drawdown Indicators
| SYBG.DE | SPY5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.77% | -33.86% | -2.91% |
Max Drawdown (1Y)Largest decline over 1 year | -5.42% | -7.15% | +1.73% |
Max Drawdown (3Y)Largest decline over 3 years | -8.77% | -23.34% | +14.57% |
Max Drawdown (5Y)Largest decline over 5 years | -36.25% | -23.34% | -12.91% |
Max Drawdown (10Y)Largest decline over 10 years | -36.77% | -33.86% | -2.91% |
Current DrawdownCurrent decline from peak | -28.15% | -0.44% | -27.71% |
Average DrawdownAverage peak-to-trough decline | -13.60% | -3.95% | -9.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.35% | 2.00% | +0.35% |
Volatility
SYBG.DE vs. SPY5.DE - Volatility Comparison
SPDR Bloomberg UK Gilt UCITS ETF (SYBG.DE) has a higher volatility of 3.47% compared to SPDR S&P 500 UCITS ETF (SPY5.DE) at 2.66%. This indicates that SYBG.DE's price experiences larger fluctuations and is considered to be riskier than SPY5.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SYBG.DE | SPY5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.47% | 2.66% | +0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 6.13% | 7.54% | -1.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.05% | 11.51% | -3.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.82% | 15.18% | -3.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.14% | 16.07% | -4.93% |
SYBG.DE vs. SPY5.DE - Expense Ratio Comparison
SYBG.DE has a 0.15% expense ratio, which is higher than SPY5.DE's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SYBG.DE vs. SPY5.DE - Dividend Comparison
SYBG.DE's dividend yield for the trailing twelve months is around 3.82%, more than SPY5.DE's 0.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPY5.DE SPDR S&P 500 UCITS ETF | 0.89% | 0.99% | 1.03% | 1.22% | 1.42% | 0.95% | 1.37% | 1.74% | 3.30% | 1.59% | 1.57% | 1.69% |
SYBG.DE SPDR Bloomberg UK Gilt UCITS ETF | 3.82% | 3.64% | 2.67% | 1.69% | 1.22% | 0.82% | 1.11% | 1.14% | 1.28% | 1.61% | 1.77% | 1.89% |
Frequently Asked Questions
SYBG.DE and SPY5.DE have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPY5.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPY5.DE is cheaper with a 0.03% expense ratio, compared with 0.15% for SYBG.DE.
SYBG.DE is categorized as European Government Bonds, while SPY5.DE is S&P 500. SYBG.DE tracks Bloomberg UK Gilt, while SPY5.DE tracks S&P 500 Index. Their fees differ too: 0.15% for SYBG.DE and 0.03% for SPY5.DE.
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